KARACHI (PR) - The Swiss Business Council in Pakistan and the UN Global Compact Pakistan Local Network will collaborate in promoting 10 principles of UN Global Compact relating to human rights, labor, environment and anti corruption among their business partner companies and supply chain in Pakistan. This was stated in a Memorandum of Understanding signed between the Swiss Business Council in Pakistan and UNGCPLN at a formal ceremony held for the purpose at the Consulate General of Switzerland at Karachi. The 10 principles of Global Compact launched by UN in the year 2000 as a strategic policy Initiative for business has emerged, in the last 10 years, as the worlds largest voluntary corporate sustainability initiative with over 8,000 business participants and non-business stake holders from 165 countries. So far, 88 business companies including SMEs and NGOs have joined the Global Compact initiative in Pakistan. The UNGCPLN has embarked on an aggressive campaign to bring a large number of Pakistani firms located in business cluster cities particularly in export-oriented industries, within the Global Compact initiative by engaging the multinational companies and their subsidiaries in Pakistan. The Swiss Business Council in Pakistan will use its influence by engaging the multinational sponsors and their subsidiaries in supporting local efforts to promote and boost UN Global Compact principles in Pakistan.